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Investment with Uncertain Tax Policy: Does Random Tax Policy Discourage Investment [PDF]
We consider the impact of tax policy uncertainty on firm level and aggregate investment, comparing investment behaviour when uncertainty is due to a shock following Geometric Brownian Motion (GBM) versus when random discrete jumps in tax policy occur. Expectations of the likelihood of a tax policy switch have an important negative impact on the gain to
Kevin Hassett, Gilbert E. Metcalf
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Fiscal Policy, Profits, and Investment [PDF]
This paper evaluates the effects of fiscal policy on investment using a panel of OECD countries. We find a sizeable negative effect of public spending—and in particular of its wage component— on profits and on business investment. This result is consistent with different theoretical models in which government employment creates wage pressure for the ...
Alesina, Alberto +3 more
openaire +9 more sources
This working paper examines China’s investment policy since the publication of the 2008 OECD Investment Policy Review of China. China remains the largest recipient of FDI among developing countries and FDI continues to play a disproportionately large role in promoting China’s trade, investment and tax revenue generation, albeit not as large as before ...
Ken Davies
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Financial Heterogeneity and the Investment Channel of Monetary Policy
We study the role of financial frictions and firm heterogeneity in determining the investment channel of monetary policy. Empirically, we find that firms with low default risk—those with low debt burdens and high “distance to default”— are the most ...
Pablo Ottonello, Thomas Winberry
openalex +2 more sources
Chinese Overseas Investment Policy: Implications for Climate Change
President Xi Jinping launched the Belt and Road Initiative (BRI) in 2013. In total capital, China is now the largest investor in least-developed countries and in developing Asia, and the fi fth-largest investor in Africa.
K. S. Gallagher, Q. Qi
semanticscholar +1 more source
Investment policy of the state as a tool for economic growth of the country
The investment policy of the state is an important tool for diversifying the economy. This paper analyzes the share of capital investment in GDP, the index of fixed capital investment for 2015–2019, and assesses the investment policy determinants of the ...
V. Makohon, Yurii Radionov, I. Adamenko
semanticscholar +1 more source
Impact-Investing in The Healthcare in Terms of the New Socially Responsible State Investment Policy
The article reveals the issue regarding the implementation of impact-investing in the health care system and its comparison with other traditional investment mechanisms.
Julia Yelnikova, A. Kwiliński
semanticscholar +1 more source
Expressing the measure of uncertainty, in terms of an interval instead of a crisp number, provides improved results in fuzzy mathematics. Several such concepts are established, including the interval-valued fuzzy set, the interval-valued intuitionistic ...
Kifayat Ullah +4 more
semanticscholar +1 more source
Global value chains (GVCs) will undergo substantive transformation in the decade ahead, reshaping the global trade and investment landscape. The change will be driven by five major forces: economic governance realignment, the new industrial revolution ...
J. Zhan
semanticscholar +1 more source
Stepwise Green Investment under Policy Uncertainty [PDF]
We analyse how market price and policy uncertainty, in the form of random provision or retraction of a subsidy, interact to affect the optimal time of investment and the size of a renewable energy (RE) project that can be completed in either a single ...
Chronopoulos, M. +2 more
core +3 more sources

